Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL reduces money printing by LKR 18Bn after selling additional T-Bills at 2nd phase

Bank & FinanceMar 10, 2023
CBSL reduces money printing by LKR 18Bn after selling additional T-Bills at 2nd phase

CBSL sold LKR 85Bn (target amount) at the 1st phase of the T-bill auction successfully for the second consecutive week. At the second phase of the T-Bill auction, further LKR 21.2Bn T-Bills were sold allowing CBSL to reduce their T-Bill holding from LKR 2.622 Trillion to LKR 2.604 Trillion.

Market liquidity has improved, due to negative credit growth in the bank system and CBSL’s continuous FX purchases.


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